ADX Launches 'New ADX Group' And 2 New Subsidiaries To Boost Abu Dhabi's Market

The Abu Dhabi Securities Exchange (ADX) on Monday announced the launch of "the New ADX Group," a new market system, along with two subsidiaries: Abu Dhabi Clear (AD Clear) LLC and Abu Dhabi Central Securities Depository (AD CSD) LLC.

This launch supports Abu Dhabi's long-term economic goals and helps ADX progress toward becoming a more advanced financial market. The special event was attended by over 500 industry experts from the region and around the world.

"With the launch of ADX Group, we are not just building a financial marketplace; we are shaping the future of investment in Abu Dhabi and contributing to the long-term economic development of the UAE and in the region," ADX Group Chairman Ghannam Al Mazrouei said, according to WAM.

"More regional and global investors will benefit from seamless access to the ADX platform to unlock opportunities for expansion in the emirate's thriving sectors and industries. The ADX Group will continue to innovate to ensure a robust and reliable international marketplace to raise capital, facilitate greater investment flow, and uphold financial resilience and stability," he added.

ADX Group Chief Executive Officer Abdulla Salem Alnuaimi highlighted that ADX Group is at the forefront of adopting new technology to enhance Abu Dhabi's investment sector.

The upgraded trading system is designed to be 400% more efficient and resilient, further strengthening Abu Dhabi's status as a global financial hub. He acknowledged the contributions of trading and clearing members, custodians, banks, and industry partners, recognizing their support in driving this transformation and success.

The ADX Group has introduced a new business model to strengthen and future-proof its capital market. With advanced post-trade services, a modern trading system, and upgraded clearing and settlement platforms, it aims to enhance market liquidity and provide faster, broader access to investment opportunities in Abu Dhabi.

A key part of this transformation is its partnership with Nasdaq for a Core Platform Upgrade (CPU), improving trading, clearing, and post-trade services. The upgrade integrates multiple asset classes, supports high-frequency trading, and introduces new order types for greater efficiency and flexibility, attracting more investors and boosting market activity.

"By leveraging Nasdaq's integrated trading, clearing and settlement platform, ADX will be underpinned by world-leading technology, capable of attracting global sources of liquidity and accelerating the region's exciting growth story," Magnus Haglind, SVP and Head of Marketplace Technology at Nasdaq, said.